Good day Steemian welcome to today's Steem price update for 16/1/2019 I have been posting the Steem price update since almost the very beginning of Steemit.com many have came here to discuss the daily Steem prices and changes for just over 2 years now.

I also want to mention just incase your thinking something doesn't seem normal from the other regular Price update posts that the daily Steem price posts do slightly change from time to time.

But regardless of changes we will carry on as usual and by this I mean knowing the price of Steem as its important for your daily plan or strategy and honestly even if you are not planing to do anything with your Steem I still recommend checking out these updates and keeping an eye on the price, so without further ado lets take a look at today's Daily Steem Price Change for 16/1/2019

Should you be trading with Steem today..

We left 2018 with Steem at $0.26 and now we may see Steem fall back DOWN even "MUCH LOWER" from its January high at $0.32. I expected the recent Bitcoin downwave as I mentioned it even 3 days prior, Bitcoin was at $4075 and fell to $3491, today at it's highest around ⏰12.10 we saw bitcoin reach $3641. But the wave hit us twice taking Steem from $0.32 to $0.25. But if your a buyer one of the biggest an best opportunities to buy Steem might present its-self in a few weeks time. The massive opportunity which "may" happen is firstly due to knowing that Ned as been powering down but so as the Steemit account, PANIC mode ON! Nope dont panic yet and if your wondering why this is so important its because that account holds around 35 million Steem!! If powerdown's don't stop in 13 weeks all that Steem will be tokenised meaning the price of Steem will drop much further, while this means the end of days for some we still dont know what exactly Steem-INC are doing and no I don't believe they are running away with the money.. but it will bring a HUGE opportunity to buy much cheaper Steem. Now today was also a interesting day for Steem as it's been going upwards..yea ok probably no big surprise as Bitcoin as gone up but the upwave was not as big as the last 2 downwaves. The upwave was probably not even half the recovery size of the last 2 downwaves put together but yet look...... we can already see Steem hitting $0.30! which firstly happened around ⏰13.00, wow that's very good news. If nothing much happens in 2019 then I hope those who are in the game will take the opportunity to keep collecting Steem especially if the Steemit account continues to power down over the next weeks. And so at these low prices and the Steem power downs we are still on a survival mode era of Steemit.com, Bitcoin dropped drastically forcing Steem's value to tank causing Steem-INC staff reductions and a possible threat to the website and the Steemit account security. The conclusion is to survive by cutting down costs of nodes among other strategies which will take time to implement. Right now there is a focus on a multi index RocksDB adapter which is a new technology in development to allow the Steem blockchain nodes to store almost all it's necessary data to a disk in a modern database instead of RAM, this move will make nodes cheaper. Steemit INC said they are on track with it's cost reductions and with SMT's. If you haven't logged out of Steemit or searched the website without logging-in then you maybe have noticed Steemit.com is selectively rolling out advertisements, and its genius because it's not intrusive to people like myself, as you can log-in you wont see the ads anymore. SBD's fell from $0.86 down to $0.73 very quickly we are now seeing the recovery that we had been hopping for as for today SBD's have been going upwards starting from $0.74 at ⏰01.00 to now $0.82 we even saw $0.84 at ⏰13.10.

Always do your own due diligence the above is only a opinion.

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Source: picgifs.com

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-Steem Price-
https://steemit.com/steemit/@simonjay/daily-steem-price-update-31-12-2018

-Month 26 Of Steemit Monthly Reports-
https://steemit.com/steemit/@simonjay/month-26-steemit-monthly-report-20-11-2018

-Looking Back 2018 Media Wants You To Believe In..?-

https://steemit.com/news/@simonjay/2018-the-media-wants-you-to-believe-in

-Young And Now Disabled By Vaccine?-

https://steemit.com/familyprotection/@simonjay/young-and-disabled-by-vaccine-7-1-2019

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